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U.K. Data Signal Upturn

By

Ilona Billington and

Jason Douglas

Updated June 5, 2013 8:55 a.m. ET

The U.K.'s services sector grew at the fastest pace in more than a year in May, a survey showed Wednesday, while a high of more than three years in new orders suggests the expansion is set to continue.

The expansion is the strongest signal yet that an economic recovery that began in the first quarter is set to continue, making it highly unlikely that the Bank of England will provide additional stimulus to the economy after its policy...